Inflation only falls to 4.1%

Inflation only falls to 4.5% to 4.1% - now there's a surprise he says sarcastically. Food because so much of it is imported is labelled as the culprit. Taking interest rates so low has damaged the pound sterling and pushed up the cost of imports. What is sad is that a large number of people have been pointing this effect out to our intellectually challenged leaders. Mervyn King is predicting Inflation will fall to 1%. Personally I will believe it when I see it. Seems more likely that Mervyn and his chums will take interest rates even lower - the pound fall further and whilst Inflation may slowly fall it will remaining stubbornly higher than the target 2%.